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Monex Group, the Mexican FX group, has bought Schneider Foreign Exchange in a cash deal that values the London-based currency specialist at about $ million. Order Schneider FX, which provides forex services to small and medium sized corporates, as well as institutions, is to be renamed Monex Europe.

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Japanese financial services firm Monex Group has reported its monthly consolidated financial results for the month ending March , which showed an upbeat performance on both yearly and monthly terms in what has been its best month in several years, according to figures released by the company.

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